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Shell MGO bunker heist: Syndicate member’s nephew jailed over concealment of safe containing valuables

Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.

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Muhammad Hafiz Bin Ismail, the nephew of Abdul Latif Bin Ibrahim who played a leading role in the Shell MGO bunker heist, on Wednesday (25 May) received a one-week prison sentence from a judge at the State Courts of Singapore.

The accused pleaded guilty to one charge under section 204A read with section 108B and section 109 of the Penal Code (Cap 224, 2008 Rev Ed) for directing the relocation of a safe belonging to Latif, according to court documents obtained by Manifold Times.

Hafiz relocated the safe after learning of his uncle’s arrest when being contacted by police on 8 January 2018 while in Dubai.

After the call, he told accomplices in Singapore to move the safe out of the premise of Brispec Singapore Pte Ltd – a firm financed by Latif – after suspecting the safe to be involved in the arrest.

Between 8 and 18 January 2018, the police received information of Hafiz being in possession of the safe belonging to Latif, and that it contained gold and large amounts of cash.

Suspecting that the safe contained Latif’s benefits from his involvement in the dishonest misappropriation of gasoil from Shell, the police contacted Hafiz at a residence on 18 January to ask for the safe’s whereabouts.

Following, Hafiz and an accomplice led police to recover the safe at a local Extra Space warehouse storage facility. The contents, namely SGD 4,431,000 (USD 3.23 million) and USD 243,100 in cash, and one piece of 100-gram gold-coloured bar were found in the safe.

“These contents belonged to Latif and had been inside the safe from before 7 January 2018, and they were in fact Latif’s benefits from his criminal conduct, namely, his offences under section 408 read with section 109 of the Penal Code (Cap 224, 2008 Rev Ed) in relation to his engaging in a conspiracy to sell gasoil belonging to Shell at Pulau Bukom without Shell’s knowledge or authorisation,” said the document.

Earlier coverage of developments by Manifold Times regarding the Shell MGO bunker heist can be found below:

Related: Shell MGO bunker heist: 12 former surveyors from Intertek, Inspectorate, CCIC, SGS charged for corruption
RelatedShell MGO bunker heist: Former Shore Loading Officer receives 29-year jail sentence over total 85 charges
RelatedShell MGO bunker heist: Ex-Process Technician received minimum SGD 735,000 in benefits, faces 43 charges
RelatedShell MGO bunker heist: Ex-Shell employee admits leading role in illicit operation
RelatedShell MGO bunker heist: Sentek ex-Director faces 40 fresh charges
RelatedShell MGO bunker heist: Two former Shell employees jailed over theft
RelatedShell MGO bunker heist: High Court affirms ‘Prime South’ forfeiture to Singapore State
RelatedShell MGO bunker heist: Three ex-Shell employees charged with bribing surveyors
RelatedShell MGO bunker heist: Second ex-Shell employee pleads guilty to nine charges
RelatedShell MGO bunker heist: First ex-Shell employee to plead guilty over involvement
RelatedShell MGO bunker heist: Director of Singapore bunkering firm released from police custody
RelatedShell MGO bunker heist: Oil tanker ‘Prime South’ forfeited by State Courts of Singapore
RelatedShell MGO bunker heist: Director of Singapore bunkering firm face charge at State Courts
RelatedShell Singapore oil heist: Third offender pleads guilty for gas oil theft
RelatedCaptain of “Prime South” jailed in Shell Pulau Bukom gas oil theft
RelatedShell Singapore oil heist: Ex-Chief Officer of Prime South jailed
RelatedSingapore: Shell MGO bunker heist amount balloons to USD$142 million
RelatedShell MGO bunker heist update: Fresh charges issued at Singapore court
RelatedShell Singapore oil heist: More charges issued at court
RelatedShell Singapore oil heist: Breakdown of stolen oil cargoes
RelatedIntertek Singapore employee among Shell oil heist suspects

 

Photo credit: Manifold Times
Published: 27 May, 2022

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Alternative Fuels

Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world’s largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

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Platts, part of S&P Global Commodity Insights, on Tuesday (23 April) proposed to launch a new daily market-based delivered Singapore bio-bunker assessment, effective 1 August.

This proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world's largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

The new assessment would reflect marine fuel blend of biodiesel with low sulphur fuel oil. Platts would publish the Singapore bio-bunkers market-based assessment as a differential to Platts Marine Fuel 0.5% (AMFSA00), and as an outright value.

The assessment specifications would be as follows:

Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Other delivery periods and volumes may be considered in the Platts Market on Close assessment process and normalised back to the above specifications.

Bio-bunkers stems must be incompliance with the EU's Renewable Energy Directive, or RED requirements, and meet sustainability requirements such as ISCC or RSB sustainability criterions.

Platts will not consider bio-bunkers that use palm oil as a bio-component.

International Organization for Standardization is revising the ISO 8217 standards to include additional requirements for blended bio-bunker. The assessment would reflect standards set in the document ISO 8217:2024 Petroleum products -- Fuels (class F) -- specifications of marine fuels, as well as standards set by Singapore's Maritime Port Authority on specifications of marine biofuels (WA 2:2022). Platts is seeking specific feedback on these standard requirements.

Platts is also seeking specific feedback on the reference density of blended bio-bunkers.

The assessment would be published on Platts Biofuels Alert (PBF2500), in the Bunkerwire Report, Bunkerwire Monthly, Biofuelscan report and Biomass-Based Diesel Report.

The new daily bio-bunkers assessment would be timestamped to 5.30 pm Singapore time and follow the Singapore publishing schedule.

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications of value. In the absence of observable spot market activity, Platts may consider other verifiable data reported. This information will be published as price heards.

At present, Platts publishes a daily cost-based B24 Singapore bio-bunkers assessment reflecting a ratio of 76% fuel oil based on Platts benchmark Marine Fuel 0.5% Bunker Dlvd Spore $/mt assessment (MFSPD00) and 24% used cooking oil methyl ester based on the Platts UCOME FOB Straits $/mt assessment (UCFCB00). This calculated price assessment will continue to be published alongside the proposed new assessment and will be renamed “Platts B24 calculated bio-bunker Singapore.”

Related: Platts launches new blended bio-bunkers assessment in Singapore

 

Photo credit: Justin Lim on Unsplash
Published: 25 April 2024

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Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held between 8 to 9 May for Hua Zhong Shipping, Dong Ya Tankers, Dong Sheng Tankers and Da Xin Tankers to receive an update on firms’ liquidation.

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Several notices were published on the Government Gazette on Tuesday (23 April) regarding the annual general meetings to be held between 8 to 9 May for Xihe Holdings subsidiaries Hua Zhong Shipping, Dong Ya Tankers, Dong Sheng Tankers and Da Xin Tankers. 

Annual general meetings for Hua Zhong Shipping are to be held on 8 May at the following times:

For the company: 2pm
For the creditors: 3pm

Annual general meetings for Dong Ya Tankers are to be held on 9 May at the following times:

For the company: 10am
For the creditors: 11am

Annual general meetings for Dong Sheng Tankers are to be held on 9 May at the following times:

For the company: 2pm

Annual general meetings for Da Xin Tankers are to be held on 8 May at the following times:

For the company: 10am
For the creditors: 11am

The agenda for all the meetings are:

  1. To receive an update on the liquidation.
  2. To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Related: Singapore: Da Xin Tankers, Dong Ya Tankers, Hua Zhong Shipping to be wound up
Related: Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

 

Photo credit: Jo_Johnston from Pixabay
Published: 25 April 2024

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Alternative Fuels

Peninsula adds tanker “Aalborg” to supply bio bunker fuel in Port of Barcelona

Chemical tanker is capable of supplying B100, in contrast to traditional fuel barges that cannot exceed 25% bio component; also has ability to blend multiple bio feedstocks and traditional fuels on board.

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Peninsula adds tanker “Aalborg” to supply bio bunker fuel in Port of Barcelona

Marine fuel supplier Peninsula on Wednesday (24 April) announced the introduction of the Aalborg, an IMO II chemical tanker dedicated to sustainable fuel distribution in the Western Mediterranean. 

The Aalborg is capable of supplying 100% biofuels (B100), in contrast to traditional fuel barges that cannot exceed 25% bio component.  

The vessel supplies FAME (Fatty Acid Methyl Esters) produced from vegetable oils and allows for neutral emissions (depending on the origin of these vegetable oils) thereby reducing a receiving vessel’s carbon footprint. 

The Aalborg will play a pivotal role in the Port of Barcelona's ongoing commitment to promoting cleaner fuel initiatives across the region.

The vessel’s ability to blend multiple bio feedstocks and traditional fuels on board, together with a certificate detailing the bio component percentage, allows ship owners to comply with impending Fuel EU Maritime regulation using the same engine.

“The importance of having a biofuel supply vessel permitted to supply up to 100% bio component, will provide Port of Barcelona users with a solution to decarbonise their activity and to fully comply with EU regulations,” explained Lluís Salvadó, president of the Port of Barcelona.

“The Port of Barcelona, as part of its Energy Transition Plan, is committed to transition and alternative fuels such as LNG, green methanol or green ammonia, as well as biofuels, which will help to reduce the maritime sector’s carbon footprint.”

Alejandro Morales Moreno, Supply Manager at Peninsula, emphasised the collaborative efforts between Peninsula and the Port of Barcelona, highlighting a shared vision for emissions reduction.

"The addition of the Aalborg creates a meaningful, new decarbonisation solution for our customers and we’re grateful to the Port Authority for facilitating its deployment in Barcelona,” he said.

 

Photo credit: Peninsula
Published: 25 April 2024

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